Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist, has over a 90-year history of providing integrated solutions to the (re)insurance industry.
Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change...
Despite a reduction in the number of large terror attacks in the United States, the market for terror (re)insurance is maturing and the peril is changing...
Historic incidents show past trends, but those are only partial drivers of future trends...
The United States is the world’s largest buyer of terrorism insurance, and U.S.-based organizations continue to purchase coverage at a high rate. In 2018, the take-up rate for TRIPRA coverage embedded in U.S. property policies was 62 percent...
Depending on domicile, insurers can often access public/private risk-sharing mechanisms that can help manage the financial threat of terrorism...
Terrorism risk is declining in many countries. But there's still demand for policymakers and insurers to protect people and businesses...
In the United States, the Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA) is scheduled to expire at the end of 2020...
Terrorism remains a dynamic global risk and a serious threat for people and organizations...
Disruptive forces are reshaping the global and regional landscapes...
In contrast to other types of terrorist attack, which require resources that are difficult to scale and replenish, the technical knowledge required to launch a catastrophic biological attack can be deployed repeatedly once...
